The Central Bank of Russia proposes allowing banks and brokerage firms to obtain cryptocurrency trading licenses

Gate News: On March 6, Russia plans to fully incorporate cryptocurrency trading into regulated legal infrastructure through legislation. Central Bank Governor Elvira Nabiullina proposed at the annual credit institution conference that qualifying commercial banks and brokerage firms be allowed to obtain cryptocurrency trading licenses through registration procedures, enabling them to lead digital asset operations and establish a domestically compliant trading system highly isolated from global mainstream markets. According to the proposal, banks and brokerages will monitor fund flows using their existing anti-money laundering (AML) systems, while limiting banks’ digital asset risk exposure to no more than 1% of capital. Based on a draft from the State Duma Financial Market Committee, the new regulations are expected to be ready by July 1, 2026, aiming to change the current opaque legal status of digital assets and guide decentralized P2P trading to regulated domestic platforms. Analysts note that, as EU and US sanctions against Russia deepen, this move is intended to create a self-sufficient, compliant internal cycle.

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